Frewen also explained: ”Timing wise, it could not be better for a nascent natural graphite explorer. Surging global demand for electric vehicles and power storage utilities are directly driving lithium-ion battery manufacturers to increase output at an accelerating rate (graphite is used in lithium-ion battery as the anode).”

Mahenge Liandu Graphite Project

The Mahenge Liandu project is located in the Ulanga District in south east Tanzania, approximately 300km south west of Morogoro and 10km from the town Mahenge.

Armadale indicates that the area is highly prospective for graphite with Mahenge Liandu located immediately to the east of Kibaran’s Epanko project.

Resource estimation and graphite quality demonstration at the Mahenge Liandu Graphite Project should be completed in late 2016, Armadale notes.